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AM EDI TION | FREE BUSINESS NEWS SUBSCRIBE HTTP://WWW.INDAILY.COM.AU BREAKING BUSINESS NEWS China hanging tough on iron ore prices The benchmark pricing system that has governed the global iron ore trade for 40 years is likely to unravel at midnight tonight, with insiders saying Australian miners and Chinese steel makers are far from sealing a late deal. Consumers face wave of greenwash A survey into green marketing in Australia has found almost all products carrying environmentally friendly claims are guilty of greenwashing. Australian dollar opens firmer The Australian dollar opened fi rmer on Tuesday, as a lift in risk sentiment on fi nancial markets gave a boost to growth assets such as equities and the local currency. STOCKS TO WATCH GNS - Gunns Ltd Woodchipping company Gunns says it has a potential joint-venture partner for its $2.2 billion Tasmanian pulp mill as it continues to negotiate fi nance for the project. BHP - BHP Billiton Ltd - down 28 cents at 43.90 The cost of iron ore may be determined by the more volatile spot market for some customers unless a contract agreement is struck within days by miners and Chinese steel mills, analysts say. GOLD 1158.076 AUD per ounce Dow THEMARKETS 8,529.38 Nasdaq FTSE 100 4,294.03 SPORT Hewitt fi ghtback books quarter-final spot Lleyton Hewitt staged a classic comeback from two sets down to defeat fourth-round opponent Radek Stepanek and secure a place in Wimbledon’s quarter-finals. Hewitt defeated the Czech No.23 seed in a rain-interrupted match 4-6, 2-6, 6-1, 6-2, 6-2 over two hours and 54 minutes. He next plays American No.6 seed Andy Roddick or 20th-seeded Czech Tomas Berdych. World No.56 Hewitt opened with a double fault but recovered to hold serve before being broken two games later. He lost the opening set two sets before launching his fightback. “It’s always tough to come back from two sets down. I had to dig deep, not look too far ahead and find a way to win,” said Hewitt who needed treatment on his left thigh at the end of the second set. “It’s fantastic, it’s great to be back in the quarters of a grand slam ... it’s an awesome feeling.” - AAP 1,844.06 +53.02 +90.99 +5.84 AUD vs.USD 0.8113 AUS vs. NZD 1.2408 AUS vs.UK 0.4885 AUS vs. Euro 0.5747 Industry merger creates national connection South Australian engineering and industry businesses have thrown their support behind today’s merger of the Engineering Employers Association SA and the Australian Industry Group. The two organisations, now called the Ai Group South Australia Branch, had been working together for almost 70 years. Ai Group Chief Executive Heather Ridout said the combination of the national Ai Group and local EEASA would create a strong local team. “Members across both memberships will benefi t from the merger through a wider representational reach, a broader depth of services and industries covered by the organisation, and the opportunities for existing members to build on national networks and infrastructure,” Ms Ridout said. New Ai Group SA president and SAGE Group Holdings managing director Andrew Downs said the merger would be beneficial across the business spectrum in particular for the EEASA’s traditional areas of metal and engineering manufacturing. Local companies said their business would benefit from the strong national ties.